A home lender that focuses on the Hispanic market recently received an equity injection. Two other mortgage businesses were acquired, while another is part of a bank acquisition.
Panorama Point Partners announced on July 13 that it has closed on an expansion capital and an equity investment commitment in Las Vegas-based Alterra Home Loans LLC.
Alterra says that it focuses on the Hispanic marketplace, with more than two-thirds of last year’s mortgage production having reportedly been generated from Hispanic borrowers.
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From:: Financing